Updated from 1:08 a.m. EDT

OSAKA, Japan (

TheStreet

) --

Suntory

, the Japanese beverage company, is in talks to acquire European soft drink maker

Orangina

from

Blackstone

(BX) - Get Report

and

Lion Capital

, reports say.

Blackstone and Lion Capital confirmed Thursday they were in discussions "regarding the future ownership" or Orangina. "No agreement has been reached to date," the private-equity firms said in a joint statement.

A Suntory spokeswoman told the

Wall Street Journal

it was true the company was "negotiating," but didn't provide a timetable or the value of any transaction.

A report from

Bloomberg

says the purchase of Orangina would be for more than $2.6 billion, and could be agreed upon as soon as this week.

Bloomberg

cited a person familiar with the talks.

Blackstone and Lion Capital paid $2.6 billion in 2006 for Orangina, which makes other soft drinks besides its trademark orange beverage. Orangina, based outside Paris, had revenue in 2008 of $1.5 billion, according to the

Journal

.

Word of the talks is the second possible deal this week for a European consumer company.

Kraft

(KFT)

on Monday offered to buy

Cadbury

(CBY)

of the U.K. for $16.7 billion but the offer was swiftly rejected.

-- Reported by Joseph Woelfel in New York

.

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